$2.50 wall of china, page-5

The company really is in a very good position I think. In the next 6 months we should see a JORC resource from Mayoko as well as maybe even some maiden drill results from Badondo. How AKI will play out, and therefore our share in the company, will also be fascinating. If the deal goes through at 57c our management must make the most of the cash we receive from the deal. EQX will be able to get a hell of a lot done with that $57m, as well as the $40m left in the bank as at 31/12/11, without us holders having to worry about further dilution at all. Most explorers need to keep issuing new shares at a fast pace to keep up with exploration and development expenditure, but we really should be able to get that share price quite a bit highter through JORC's and drilling at Badondo before we even need to consider raising further capital. We are in a great position, I wish I wish I could untie some of my other capital but hopefully soon!